Iteris, Inc. (NASDAQ:ITI) is one of the stocks that are taking the center stage today as the company shares are trading 3.14% or 0.16 points lower from last closing price of $5.1, reaching $4.94 at last check. So what’s going on with ITI shares anyway? The price is losing for the second day in a row and has dropped in 3 of the last 5 days and is up 24.39% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 1,593,959 shares, and in total 1.682 million shares valued at $8.309 million were seen changing hands compared with 88100 shares valued at $449310 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the ITI stock.
Iteris, Inc. (ITI) shares have notched a 3-month gain of about 24.39%, but has still advanced 36.73% year to date. By comparison, the stock added 4.72% over the past 12 months, while it jumped 5.59% over the 1 month. The company’s market cap is around $169.73M, with its short interest ratio standing at 15.43%.
In the current trading session for ITI, the stock witnessed two major price actions, it rose to a high of $5.315 and was down as much as $4.85 at one point. The high recorded is very low when compared to their 52-week high which is $3.24. The 52-week high is now at -14.49 distance from current price. Their recent low of $5.73 represents a 51.23% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ITI is $7.8, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Iteris, Inc. earned $-0.24 per share in the trailing 12 months and has a P/E ratio of -20.58. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 20.71 and lower compared to the sector’s average of 13.27. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ITI also has P/S multiple of 1.66. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.8x.
The company recorded an interesting insider sale transaction by the Insider on Feb 27, 2019. A Securities and Exchanges Commission filings show that Neil S Subin sold a total of 2,551,273 ITI shares that day for a sum of around $10,842,910. Iteris, Inc. (ITI) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 2,883,685 shares that were traded over a year. In the past 12 months, insiders have purchased zero shares while the seller parted with 2,883,685 shares.
ITI‘s last price was up 10.02% as compared to the average trading price of 50 days recorded at $4.49 while enlarging the period to 200 trading days, the average closing price was $4.78. At present, there are 33.28 million in the total number of common shares owned by the public and among those 27.53 million shares have been available to trade. The percentage of shares being held by the company management was 0.2% while institutions stake was 41%. The company has generated negative returns on equity over the last 12 months (-21.4%). It managed to keep its gross profit margin at 38.9% over the past 12 months.
When assessing the full upside of the ITI stock, there is another set of technicals that should be looked into and considered. Its -7.33% decline from moving average of $5.33 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.37 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Iteris, Inc. — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $8 on shares of Iteris, Inc. (NASDAQ:ITI), which corresponds to 63.27% upside potential than its current market price of $4.94 and implies potential despite the recent drop in the price. However, their current target price has fallen from $8 a month ago and is down handily from the consensus target of $8 a quarter ago.
In the last five years, the EPS of the company has been roughly -51%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 30%. The revenue of the company has risen at an average annualized rate of about 7.8 over the last five years. The company recently recorded an increase of 3.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards ITI stock. Morgan Stanley added position in the company after it grew 120.8% or 5,929 shares of its common stock. The hedge fund now owns 13,092 shares worth $64,674, SEC documents show. Essex Investment Management Co. LLC cut assets in the stock as 187995 shares have been sold, reducing its stake by -20.8% to 148,892 shares which are currently valued at $735,527. In addition, Renaissance Technologies LLC recently reported that it now owns 620,200 shares making a total of $3,063,788 based on the recent price. This refelects a change of 3.8% in their ownership.